turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

how do I exclude a roth distribution from my state return?

1099-r incorrectly has a t distribution code instead of a q. how do I correct?
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
DianeW777
Employee Tax Expert

how do I exclude a roth distribution from my state return?

It depends. First contact the plan administrator to confirm if the correct code was used. 

The codes as noted below both show there is no penalty would apply which would indicate if your state follows federal protocols then a Roth IRA distribution should not be taxed.  

  • Q – Qualified distribution from a Roth IRA
  • T – Roth IRA distribution, exception applies (simply means an exception applies for tax or penalize if the 5 year rule has been met).
    • Per IRS Instructions (page 20): Use Code T for a distribution from a Roth IRA if you do not know if the 5-year holding period has been met but: 
      • • The participant has reached age 591/2, 
      • • The participant died, or 
      • • The participant is disabled

Please update here if you have more questions and we  will help. Be sure to include your state name for state questions.

 

@falsosteven

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question